Cantral banks at heads - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that ECB officials have been highlighting the divergence between its monetary stance and the UK and US stances.

Key Quotes

“Carney’s confirmation of what we have been arguing, namely that the first rate hike is likely prior to when the BOE has been signaling, drives home the ECB’s point, at least in part”.

“Next week’s FOMC meeting is unlikely to signal that the Federal Reserve is prepared to match the BOE."